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Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Revenues and Income from Segment

The following tables present information regarding Mattel's net sales, operating income, and assets by reportable segment. The corporate and other expense category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is generally impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.

			For the Three Months Ended												For the Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
			(In thousands)
Net Sales by Segment
North America			$	1,108,288					$	1,146,961					$	2,192,555					$	2,241,899
International			735,616						771,827						1,540,586						1,578,632
Net sales			$	1,843,904					$	1,918,788					$	3,733,141					$	3,820,531

			For the Three Months Ended												For the Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
			(In thousands)
Operating Income by Segment (a)
North America			$	412,425					$	401,095					$	622,342					$	565,591
International			217,675						202,550						304,257						245,773
			630,100						603,645						926,599						811,364
Corporate and other expense (b)			(141,759)						(129,787)						(390,569)						(389,768)
Operating income			488,341						473,858						536,030						421,596
Interest expense			29,371						30,716						89,415						92,486
Interest (income)			(9,787)						(4,569)						(39,466)						(15,409)
Other non-operating (income) expense, net			(2,924)						(2,391)						8,796						(5,976)
Income before income taxes			$	471,681					$	450,102					$	477,285					$	350,495

(a)Segment operating income included (i) severance and other restructuring charges of $0.4 million and $3.0 million for the three and nine months ended September 30, 2024, respectively, and $(0.1) million and $(1.3) million for the three and nine months ended September 30, 2023, respectively, which were allocated to the North America and International segments; and (ii) a loss on sale of assets of $1.8 million from the sale of a production facility for the three and nine months ended September 30, 2023, which was recorded in the International segment.

(b)Corporate and other expense included (i) severance and other restructuring charges of $27.1 million and $43.8 million for the three and nine months ended September 30, 2024, respectively, and $29.3 million and $63.0 million for the three and nine months ended September 30, 2023, respectively; and (ii) inclined sleeper product recall impact of $(11.7) million and $(5.8) million for the three and nine months ended September 30, 2024, respectively and $1.3 million and $9.0 million for the three and nine months ended September 30, 2023, respectively.

Schedule of Segment Assets

Segment assets are comprised of accounts receivable, net and inventories.

			September 30, 2024						September 30, 2023						December 31, 2023
			(In thousands)
Assets by Segment
North America			$	1,160,846					$	1,270,250					$	845,113
International			952,726						1,024,549						735,236
			2,113,572						2,294,799						1,580,349
Corporate and other			100,974						66,769						73,087
Accounts receivable, net and inventories			$	2,214,546					$	2,361,568					$	1,653,436

Schedule of Revenues by Geographic Area

The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:

			For the Three Months Ended												For the Nine Months Ended
			September 30, 2024						September 30, 2023						September 30, 2024						September 30, 2023
			(In thousands)
Net Sales by Geographic Area
North America			$	1,108,288					$	1,146,961					$	2,192,555					$	2,241,899
International
EMEA			401,942						423,923						837,869						874,972
Latin America			240,563						262,071						454,811						475,648
Asia Pacific			93,111						85,833						247,906						228,012
Total International			735,616						771,827						1,540,586						1,578,632
Net sales			$	1,843,904					$	1,918,788					$	3,733,141					$	3,820,531

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